Bureau of Labor Statistics Current Employment Statistics Highlights June 2009 Bureau of Labor Statistics July 2, 2009 Employment in total nonfarm 1999-2009 Seasonally adjusted in thousands 140,000 140,000 137,500 137,500 135,000 135,000 132,500 132,500 130,000 130,000 127,500 127,500 June 2009 125,000 125,000 Level: 131,692 Change: -467 122,500 122,500 120,000 120,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in total nonfarm Over-the-month change, 2008-09 Seasonally adjusted in thousands 0 -150 -72 -144 -122 -160 -137 -161 -128 -175 -300 -321 -322 -380 -450 -467 -519 -600 -597 -681 -750 -681 -652 -741 -900 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Nonfarm payroll employment continued to contract in June, declining by 467,000. Employment losses in the second quarter of 2009 averaged 436,000 per month, down from 670,000 per month in the prior 5 months. Since the start of the recession in December 2007, payroll employment has fallen by 6.5 million. 2 Employment in total nonfarm Over-the-year percent changes, 2008-09 3.0 Seasonally adjusted, percent 2.0 1.0 0.7 0.5 0.3 0.2 0.0 -1.0 -0.1 -0.2 -0.3 -0.4 -0.7 -1.1 -1.6 -2.0 -2.2 -3.0 -2.7 -4.0 -3.1 -3.5 -3.8 -3.9 -4.1 -5.0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Total nonfarm payroll employment was down 4.1 percent from June 2008, this is the largest 12-month percent decline since June 1958. 3 Average weekly hours, total private 1999-2009 35.0 Seasonally adjusted 35.0 June 2009 Level: 33.0 34.5 34.5 Change: -0.1 34.0 34.0 33.5 33.5 33.0 33.0 32.5 32.5 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Over-the-year percent changes in average hourly earnings and CPI-W (1982-84=100) 1999-2009 8.0 Seasonally adjusted, percent AHE Over-the-year percent changes May 2009 CPI-W: -1.5 6.0 8.0 June 2009 AHE: 2.7 6.0 4.0 4.0 2.0 2.0 0.0 CPI-W 0.0 -2.0 -2.0 Sources: BLS, Consumer Price Indexes program and Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of CES data are preliminary. In June, the average workweek for production and nonsupervisory workers on private nonfarm payrolls dropped by 0.1 hour to 33.0 hours — the lowest level on record since the series began in 1964. In June, average hourly earnings of production and nonsupervisory workers on private nonfarm payrolls were unchanged at $18.53. Over the past 12 months, average hourly earnings have increased by 2.7 percent. 4 Index of total private aggregate weekly hours 1999-2009 115 Seasonally adjusted, 2002=100 115 June 2009 Level: 99.0 110 Percent change: -0.8 110 105 105 100 100 95 95 90 90 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Aggregate weekly hours are the product of average weekly hours and production and nonsupervisory workers. Index of total private aggregate weekly payrolls 1999-2009 140 130 120 Seasonally adjusted, 2002=100 140 June 2009 Level: 122.6 Percent change: -0.7 130 120 110 110 100 100 90 90 80 80 70 70 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Aggregate weekly payrolls are the product of average hourly earnings, average weekly hours, and production and nonsupervisory workers. The index of aggregate weekly hours of production and nonsupervisory workers on private nonfarm payrolls fell by 0.8 percent in June. Since peaking in December 2007, the index has decreased by 8.2 percent. The index of aggregate weekly payrolls of production and nonsupervisory workers on private nonfarm payrolls fell by 0.7 percent in June. This month marks the tenth consecutive month of decline – the longest continual decline in the series history back to 1964. 5 Employment in total nonfarm Over-the-month change, June 2009 Seasonally adjusted in thousands Mining and logging -8 Construction Manufacturing -79 -136 Wholesale trade -16 Retail trade Transportation and warehousing Utilities -21 -14 Total nonfarm: -467 0 Information -21 Financial activities -27 Professional and business services -118 Education and health services 34 Leisure and hospitality -18 Other services 9 Government -180 -52 -150 -120 -90 -60 -30 0 30 60 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Data are preliminary. Job losses continued to be widespread across major industry sectors in June. There were significant declines in manufacturing, professional and business services, and construction. Together, these three sectors have accounted for nearly three-quarters of the jobs lost since the start of the recession. 6 Employment in mining Over-the-month change, 2008-09 12 Seasonally adjusted in thousands 9 6 3 0 7.7 6.0 5.9 8.3 9.3 7.5 7.1 2.6 0.1 0.0 -0.9 -3 -3.5 -6 -9 -8.0 -8.1 -8.9 -12 -12.9 -15 -11.6 -14.5 -18 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Mining employment decreased by 8,000 in June, about in line with the average monthly decline since peaking in October 2008. 7 Employment in construction 1999-2009 8,500 Seasonally adjusted in thousands 8,500 June 2009 8,000 Level: 6,240 8,000 Change: -79 7,500 7,500 7,000 7,000 6,500 6,500 6,000 6,000 5,500 5,500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Construction employment fell by 79,000 in June. Employment losses were spread throughout the industry, as both residential and nonresidential components shed jobs. Employment in construction is now at its lowest level since September 1998. Since employment peaked in January 2007, the construction industry has lost nearly 1.5 million jobs. With the decline in June, this current downturn now stands as the largest employment decline in the history of the series back to 1939, surpassing the previous record set during the WWII-related employment declines from 1942 to 1944. 8 Employment in manufacturing Over-the-month change, 2008-09 0 -50 Seasonally adjusted in thousands -30 -33 -52 -49 -57 -51 -51 -67 -65 -100 -119 -121 -150 -150 -156 -172 -172 -180 -200 -136 -250 -262 -300 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Manufacturing employment declined by 136,000 in June. The industry has lost 1.9 million jobs since the start of the current recession, and employment now stands below 11.9 million — the lowest level since April 1941. 9 Employment in durable goods manufacturing Over-the-month change, June 2009 Seasonally adjusted in thousands Wood products -8 Durable goods: -112 Nonmetallic mineral products -5 Primary metals -7 Fabricated metal products -18 Machinery -14 Computer and electronic products -16 Electrical equipment and appliances -3 Transportation equipment -32 Furniture and related products -7 Miscellaneous manufacturing -2 -40 -35 -30 -25 -20 -15 -10 -5 0 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Data are preliminary. Employment in nondurable goods manufacturing Over-the-month change, June 2009 Seasonally adjusted in thousands Food manufacturing 0 Nondurable goods: -24 Beverage and tobacco -1 Textile mills -2 Textile product mills -1 Apparel -4 Leather products -1 Paper products -2 Printing -6 Petroleum and coal products -1 Chemicals -3 Plastics and rubber -4 -8 -6 -4 -2 0 2 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Data are preliminary. Employment in durable goods manufacturing was responsible for the majority of manufacturing losses with 112,000 jobs cut from payrolls in June. Within the durable goods industry, transportation equipment (-32,000), fabricated metal products (-18,000), computer and electronic products (-16,000), and machinery (-14,000) continued to lose jobs in June. Nondurable goods employment fell by 24,000 in June. Within this sector, employment losses in plastic and rubber products (-4,000) softened relative to the prior 6-month average loss of 11,000. 10 Employment in wholesale trade 1999-2009 6,500 Seasonally adjusted in thousands 6,500 June 2009 6,250 Level: 5,677.4 Change: -15.9 6,250 6,000 6,000 5,750 5,750 5,500 5,500 5,250 5,250 5,000 5,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. In June, wholesale trade employment fell by 16,000; the employment loss occurred at a slower rate of decline than its prior 6-month average loss of 33,000. Since reaching an employment peak in November 2007, the industry has cut 371,000 jobs. 11 Employment in retail trade 1999-2009 16,000 15,750 Seasonally adjusted in thousands June 2009 Level: 14,801.1 16,000 15,750 Change: -21.0 15,500 15,500 15,250 15,250 15,000 15,000 14,750 14,750 14,500 14,500 14,250 14,250 14,000 14,000 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Retail trade employment edged down in June (-21,000); job losses in retail trade have moderated in the past 3 months. Over the month, job losses continued in automobile dealerships (-9,000). Retail trade has shed 767,000 jobs since the start of the recession, bringing employment in the industry to its lowest level since January 1999. 12 Employment in information Over-the-month change, 2008-09 10 Seasonally adjusted in thousands 3 0 -3 -2 -6 -10 -4 -5 -7 -4 -4 -6 -11 -13 -16 -17 -20 -21 -25 -21 -25 -30 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Information employment fell by 21,000 in June; this is slightly more than its prior 6-month average decline of 18,000. Since the start of 2009, the industry has shed over 100,000 jobs. Among information’s component industries, both publishing and telecommunications lost 7,000 jobs in June. During the first 6 months of 2009, publishing has cut about 9,000 jobs a month; compared to an average 3,000 jobs lost per month during 2008. 13 Employment in financial activities 1999-2009 8,500 Seasonally adjusted in thousands 8,500 June 2009 Level: 7,754 8,250 Change: -27 8,250 8,000 8,000 7,750 7,750 7,500 7,500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Employment in financial activities continued to fall in June, declining by 27,000. Over the first 6 months of 2009, the industry has shed 256,000 positions. Total industry employment currently stands at 7.8 million, the lowest level since December 2000. During June, employment fell in credit intermediation and related activities (-10,000) and in securities, commodity contracts, and investments (-6,000). 14 Employment in professional and business services Over-the-month change, 2008-09 Seasonally adjusted in thousands -4 -20 -60 -40 -36 -51 -64 -63 -63 -61 -52 -48 -63 -100 -124 -140 -119 -132 -127 -118 -151 -180 -176 -220 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Most recent 2 months of data are preliminary. Employment in temporary help services 1999-2009 3,000 Seasonally adjusted in thousands 3,000 June 2009 2,750 Level: 1,735.8 Change: -37.6 2,750 2,500 2,500 2,250 2,250 2,000 2,000 1,750 1,750 1,500 1,500 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Notes: Shaded areas represent recessions as determined by the National Bureau of Economic Research (NBER). NBER has not yet determined an endpoint for the recession that began in Dec. 2007. Most recent 2 months of data are preliminary. Professional and business services employment fell by 118,000 in June. Since reaching an employment peak in December 2007, the industry has shed 1.5 million jobs. Within professional and business services, temporary help services employment declined by 38,000 in June. This industry has lost 848,000 jobs, or nearly a third of its employment, since the start of the recession. 15 Employment in selected health care industries Over-the-month change, June 2009 Seasonally adjusted in thousands Ambulatory care Ambulatoryhealth health care services* services* 12.4 Offices of physicians Health care: +20.8 4.7 Outpatient care centers 4.5 Home health care services 1.7 Hospitals Hospitals 3.7 Nursing and residential care Nursing and residential facilities 4.7 0 3 6 9 12 15 Source: Bureau of Labor Statistics, Current Employment Statistics survey, July 2, 2009. Note: Data are preliminary. * Includes additional component industries not shown separately. Health care added 21,000 jobs in June. Employment growth in the industry has averaged 21,000 per month since the beginning of 2009, down from an average of 30,000 per month in 2008. Ambulatory health care services increased its payrolls by 12,000 positions in June. The industry has been relatively unaffected since the start of the current recession, adding 266,000 jobs. 16
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